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ROBERT I & LIEN Q CHEN FAMILY FOUNDATION: Form 990PF, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
ROBERT I & LIEN Q CHEN FAMILY FOUNDATION (EIN 20-1885060)
Tax period
2017-01-01 to 2017-12-31
Filed
2018-11-15
IRS object ID
201833199349103238
Schema version
2017v2.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2018-11-15T14:19:38-08:00ReturnTs
Tax Period End2017-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN943040933PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1STOREK CARLSON & STRUTZ LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1900 E HAMILTON AVE STE 450AddressLine1Txt
CityCAMPBELLCityNm
State AbbreviationCAStateAbbreviationCd
ZIP95008ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2017-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN201885060EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ROBERT & LIEN CHEN FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlROBEBusinessNameControlTxt
Phone4085853510PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line114265 BERRY HILL COURTAddressLine1Txt
CityLOS ALTOS HILLSCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94022ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLIEN Q CHENPersonNm
Person TitleVP, SECY, CFOPersonTitleTxt
Signature2018-11-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonFRED STOREKPreparerPersonNm
PTINP00022536PTIN
Phone6509615520PhoneNum
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2019-02-21 02:37:17ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$3,856,043FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$2,121InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$2,121InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$2,121InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$51,891DividendsRevAndExpnssAmt
Dividends Net Invst Incm$51,891DividendsNetInvstIncmAmt
Dividends Adj Net Incm$51,891DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$915,668NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$3,287,925GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$915,668CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$969,680TotalRevAndExpnssAmt
Total Net Invst Incm$969,680TotalNetInvstIncmAmt
Total Adj Net Incm$54,012TotalAdjNetIncmAmt
Oth Empl Slrs Wgs Rev And Expnss$27,000OthEmplSlrsWgsRevAndExpnssAmt
Oth Empl Slrs Wgs Adj Net Incm$27,000OthEmplSlrsWgsAdjNetIncmAmt
Legal Fees Rev And Expnss$800LegalFeesRevAndExpnssAmt
Legal Fees Adj Net Incm$800LegalFeesAdjNetIncmAmt
Accounting Fees Rev And Expnss$9,721AccountingFeesRevAndExpnssAmt
Accounting Fees Adj Net Incm$9,721AccountingFeesAdjNetIncmAmt
Other Expenses Rev And Expnss$18,871OtherExpensesRevAndExpnssAmt
Other Expenses Adj Net Incm$18,871OtherExpensesAdjNetIncmAmt
Tot Opr Expenses Rev And Expnss$56,392TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$56,392TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$159,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$159,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$215,892TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$56,392TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$159,500TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$753,788ExcessRevenueOverExpensesAmt
Net Investment Income$969,680NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$357,485CashBOYAmt
Cash EOY$94,910CashEOYAmt
Cash EOYFMV$94,910CashEOYFMVAmt
Corporate Stock BOY$2,728,356CorporateStockBOYAmt
Corporate Stock EOY$3,744,319CorporateStockEOYAmt
Corporate Stock EOYFMV$3,761,133CorporateStockEOYFMVAmt
Total Assets BOY$3,085,841TotalAssetsBOYAmt
Total Assets EOY$3,839,229TotalAssetsEOYAmt
Total Assets EOYFMV$3,856,043TotalAssetsEOYFMVAmt
Accounts Payable BOY$400AccountsPayableBOYAmt
Accounts Payable EOY$400AccountsPayableEOYAmt
Total Liabilities BOY$400TotalLiabilitiesBOYAmt
Total Liabilities EOY$400TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Capital Stock BOY$3,085,441CapitalStockBOYAmt
Capital Stock EOY$3,838,829CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$3,085,441TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$3,838,829TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$3,085,841TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$3,839,229TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$3,085,441TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$753,788ExcessRevenueOverExpensesAmt
Subtotal$3,839,229SubtotalAmt
Other Decreases$400OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$3,838,829TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (5 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
112 SPDR BIOTECHP2017-11-272017-12-13$9,300$9,103$197$197
1291 VICTORYSHARES US 500P2017-11-272017-12-27$63,051$62,265$786$786
519 T ROWE PRICE HEALTH SCIENCES FUNDP2017-11-272017-12-27$36,736$39,193-$2,457-$2,457
883 DAVIS FINANCIAL FUNDP2017-11-272017-12-27$47,262$46,682$580$580
MERRILL LYNCH COVEREDP2000-01-012017-06-03$3,131,576$2,215,014$916,562$916,562
FieldValueIRS element (for citing)
Capital Gain Net Income$915,668CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$894NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$19,394InvestmentIncomeExciseTaxAmt
Subtotal$19,394SubtotalAmt
Tax Based On Investment Income$19,394TaxBasedOnInvestmentIncomeAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$50EsPenaltyAmt
Tax Due$19,444TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Form990 T FiledfalseForm990TFiledInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateCAOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1ROBERT CHENBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6509495498PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line114265 BERRY HILL CTAddressLine1Txt
CityLOS ALTOS HILLSCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94022ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
Business HoldingsfalseBusinessHoldingsInd
Excess Business HoldingsfalseExcessBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Transactions Fail To Qlfy As ExcfalseTransactionsFailToQlfyAsExcInd
Maintained Expenditure RspnsfalseMaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Proceeds Or Net IncomefalseProceedsOrNetIncomeInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
ROBERT I CHEN
14265 BERRY HILL COURTLOS ALTOS HILLSCA94022Trustee0.00$0
LIEN Q CHEN
14265 BERRY HILL CTLOS ALTOS HILLSCA94022VP, SECY, CFO0.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1Immigration reformDescription1Txt
Expenses1$0Expenses1Amt
Description2MusicDescription2Txt
Description3University research supportDescription3Txt
Description4EntrepreneurshipDescription4Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$0TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$0AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$0CashDeemedCharitableAmt
Net Vl Noncharitable Assets$0NetVlNoncharitableAssetsAmt
Minimum Investment Return$0MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Tax Based On Investment Income$19,394TaxBasedOnInvestmentIncomeAmt
Total Tax$19,394TotalTaxAmt
Distributable Before Adj$19,394DistributableBeforeAdjAmt
Distributable Before Ded$19,394DistributableBeforeDedAmt
Distributable As Adjusted$0DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$159,500ExpensesAndContributionsAmt
Qualifying Distributions$159,500QualifyingDistributionsAmt
Adjusted Qualifying Distri$159,500AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt
Qualifying Distributions$159,500QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Remaining Distri From Corpus$159,500RemainingDistriFromCorpusAmt
Total Corpus$159,500TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$159,500ExcessDistriCyovToNextYrAmt
Excess From Current Year$159,500ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (7 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
UNIV OF CALIF REGENTS
ONE SHIELDS AVENUEDAVISCA95616QUALIFIED CHARITYEOFEDUCATIONAL$75,000
ANGEL ISLAND IMMIGRATION STATION FO
5 Third St Suite 700San FranciscoCA94103QUALIFIED CHARITYEOFEducational$2,500
SAN FRANCISCO CONSERVATORY OF MUSIC
50 OAK STREETSAN FRANCISCOCA94102UNRESTRICTED$17,000
EARTHJUSTICE
50 CALIFORNIA STREET SUITE 500SAN FRANCISCOCA94111NONEPCUNRESTRICTED$20,000
HENRY M GUNN HIGH SCHOOL
780 ARASTRADERO ROADPALO ALTOCA94306NONEPCATHLETIC PROGRAM$15,000
POSITIVE COACHING ALLIANCE
10101 N RENGSTORFF AVE 100MOUNTAIN VIEWCA94043NONEEOFEDUCATIONAL$15,000
ROOM TO READ
465 CALIFORNIA STREET 1000SAN FRANCISCOCA94104QUALIFIED CHARITYEOFEDUCATIONAL$15,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$159,500TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Related Or Exempt Function Incm$2,121RelatedOrExemptFunctionIncmAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$51,891RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$915,668RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$969,680RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$969,680TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryTAX PREPARATIONCategoryTxt
Amt$9,721Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$9,721AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockMERRILL LYNCH SECURITIES ACCOUNTStockNm
EOY Book Value$3,744,319EOYBookValueAmt
EOYFMV$3,761,133EOYFMVAmt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryATTORNEYCategoryTxt
Legal Fees$800LegalFeesAmt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$800AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescINVESTMENT ADVISORY FEEDesc
Revenue And Expenses Per Books$18,871RevenueAndExpensesPerBooksAmt
Adjusted Net Income$18,871AdjustedNetIncomeAmt

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